Tag : Paycheck Protection Program

Cross River Bolsters Its Commitment to Expanding Financial Services and Economic Inclusion to Underserved Communities
Fintech News

Cross River Bolsters Its Commitment to Expanding Financial Services and Economic Inclusion to Underserved Communities

Fintech News Desk
by Fintech News Desk0
Contribution will further the work of the HOPE Inside network and bring financial literacy coaching and education to Cross River’s Teaneck, NJ and Brooklyn, NY branches Cross River also expands partnership with The Memorial Foundation, sponsoring the Martin Luther King, Jr. Memorial Social Justice Fellowship Program for 50 distinguished Fellows......
Blue Ridge Bank Increases Minimum Hourly Pay to $17
Banking News

Blue Ridge Bank Increases Minimum Hourly Pay to $17

Fintech News Desk
by Fintech News Desk0
Blue Ridge Bank, N.A. (the “Bank”), the national bank subsidiary of Blue Ridge Bankshares, Inc. (NYSE American: BRBS), increased its minimum pay rate from $15 to $17 per hour, a 13.3% increase. This increase went into effect October 1, 2021. This minimum hourly pay rate is substantially above the Commonwealth of Virginia’s minimum hourly wage rate of $9.50 and......
Bank First Launches Teslar Software to Streamline Commercial Lending
Fintech News

Bank First Launches Teslar Software to Streamline Commercial Lending

Fintech News Desk
by Fintech News Desk0
$2 billion-asset bank leveraged fintech during PPP, expands partnership to boost efficiencies across broader commercial lending strategy Teslar Software, provider of portfolio management tools that aggregate and automate lending and deposit operations for community financial institutions, announced that Bank First has implemented its sophisticated portfolio management tools, centralizing processes and increasing......
Financial Institutions Can Grow Small Business Relationships with Fintech-Powered Lending Offering from Fiserv
Fintech News

Financial Institutions Can Grow Small Business Relationships with Fintech-Powered Lending Offering from Fiserv

Fintech News Desk
by Fintech News Desk0
Cloud-based lending and credit platform enables financial institutions to enhance the small business experience with a fintech connection Fiserv, Inc., a leading global provider of payments and financial services technology solutions, is enabling financial institutions to build their small and midsize business (SMB) programs through the launch of a cloud-based,......
Cross River and TechUnited Join Forces to Propel Entrepreneurs and Empower More Small Businesses in New Jersey
Fintech News

Cross River and TechUnited Join Forces to Propel Entrepreneurs and Empower More Small Businesses in New Jersey

Fintech News Desk
by Fintech News Desk0
Cross River and TechUnited launch Women & Minority Business Owners Mentorship Cohort Cross River is investing in its backyard by continuing to cultivate the NJ ecosystem through job creation, community partnerships and empowering the next generation of entrepreneurs Cross River Bank, a technology-driven financial services organization that provides core infrastructure......
Ocrolus
Banking Fintech News

Ocrolus Raises $80 Million In Series C Funding To Scale Its Financial Services Focused Document Automation Solution

Fintech News Desk
by Fintech News Desk0
Company Makes Lending Significantly Faster And More Accurate; Achieves $500+M Valuation; Expands US Operations Ocrolus, the only automation platform that analyzes financial documents with over 99 percent accuracy, announced $80 million in Series C funding led by Fin VC at a valuation north of $500 million. The company powers document......
Abrigo Launches Consumer Lending and Account Opening Solutions
Banking Digital Fintech Mobile Banking News

Abrigo Launches Consumer Lending and Account Opening Solutions

Fintech News Desk
by Fintech News Desk0
Abrigo, the leading technology provider of compliance, credit risk, and lending solutions for financial institutions, is excited to announce the launch of its consumer lending platform. Abrigo Consumer Lending is a fully digital end-to-end solution that automates the entire life of the loan. Abrigo’s consumer loan origination software enables financial......
Funding Circle Extends Partnership with Congressional Bank to Get More Capital to US Small Businesses
Finance Fintech News

Funding Circle Extends Partnership with Congressional Bank to Get More Capital to US Small Businesses

Fintech News Desk
by Fintech News Desk0
Funding Circle, the small business loans platform and Congressional Bank, a bank headquartered in Maryland, have announced an extension of their existing lending partnership to provide more capital to small businesses across the US. The second phase of the partnership will significantly expand Congressional’s purchase of loans through the Funding Circle......
Now That PPP Lending Has Ended, Biz2Credit Small Business Lending Index Finds May 2021 Loan Approval Rates Increase for Banks and Non-Bank Lenders
Banking Business Finance News

Now That PPP Lending Has Ended, Biz2Credit Small Business Lending Index™ Finds May 2021 Loan Approval Rates Increase for Banks and Non-Bank Lenders

Fintech News Desk
by Fintech News Desk0
Small business loan approval percentages at big banks ($10 billion+ in assets) climbed slightly from 13.4% in April to 13.5% in May 2021, according to the latest Biz2Credit Small Business Lending Index™ released today. However, small banks’ approvals jumped higher from 18.2% in April, to 18.7% in May. “Loan approvals by small banks rose 0.3% as banks start to assess the......
M&T Bank Customers Secure Nearly $10 Billion in Paycheck Protection Program Funding
Banking Finance News

M&T Bank Customers Secure Nearly $10 Billion in Paycheck Protection Program Funding

Fintech News Desk
by Fintech News Desk0
M&T Bank Corporation, the nation’s fifth largest Small Business Administration (SBA) lender in fiscal year 2020, today announced more than 58,000 of its business customers received approval for a total of about $9.8 billion in funding through the Paycheck Protection Program (PPP), which has now closed to most new applicants. M&T has......
1